Mubadala Invests $325M in Ørsted's Hornsea 3 Offshore Wind Farm
Mubadala's $325 million investment in the Hornsea 3 offshore wind project reflects a strategic push into renewable infrastructure. The project, set to deliver 2.9 GW, aims to power over 3.3 million homes in the UK, highlighting growing electricity demand and investment in energy transition.
Theia Market Signal Identification - AI AssistedMubadala Investment Company has committed $325 million to Ørsted's Hornsea 3 offshore wind project in the UK, which is expected to become the largest offshore wind farm globally by 2028. This investment is part of a consortium led by Apollo Funds, which acquired a 50% stake in the project, while Ørsted retains operational control.
Hornsea 3 will deliver 2.9 GW of capacity, supplying renewable electricity for over 3 million homes. Mubadala's strategy emphasizes investments in infrastructure assets linked to the energy transition amidst rising long-term electricity demand. The project complements Hornsea 1 and 2, forming the largest offshore wind zone with over 5 GW capacity.
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